Which of the following can be used to help explain wage differences among different groups of workers?
a. human capital acquired through education
b. human capital acquired through job experience
c. compensating differentials
d. All of the above can explain wage differences.
d
Economics
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A market is allocatively efficient if
A) the sum of the consumer surplus and the producer surplus has been maximized. B) consumer surplus has been maximized. C) producer surplus has been maximized. D) profit has been maximized.
Economics
For an economy as a whole, net exports must equal minus one times net capital outflow
a. True b. False Indicate whether the statement is true or false
Economics